Indicator - Economy - The Federation of Banks does not support stopping the interest rate at the expense of the banking sector

Indicator – Economy – The Federation of Banks does not support stopping the interest rate at the expense of the banking sector

The Hungarian Banks Association was surprised to hear the rate cut announcement on Wednesday. The Hungarian Banking Association said in a statement on Thursday that the association does not support the temporary fixation of interest rates at the expense of the Hungarian banking sector for clients who, despite repeated calls, have chosen more risky and floating loans. Prime Minister’s announcement of interest rates on mortgage loans.

It should be noted that in recent years, the banking sector, in cooperation with the Central Bank, offered relevant customers to switch to fixed-rate loans on an annual basis, explicitly mandating the use of multi-year loans at a fixed rate. new loans.

He wrote that he repeatedly drew the attention of the public and customers to the need for this.

The alliance notes that the stabilization option remains unchanged and is constantly available to customers, providing protection against long-term interest rate hikes, as stopping the interest rate will temporarily provide a lower interest rate only until June 30, 2022.

The Banking Association confirmed, in a statement, that the Hungarian banking sector played an effective role in combating the epidemic, as payment services worked without interruption, while new lending reached record levels.

Thanks to this, the V-shaped economic recovery worked together. The Hungarian financial sector, like everyone else, adds to the special pandemic tax on credit institutions and the longest freeze in Europe.Contributed Communications to control the epidemic said.

(via MTI)

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